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Dollar accelerates while euro dives

News by Allie Longford on 03:24 EST February 22, 2017
The dollar was king during the Asian trading session on early Wednesday.

Eurozone business growing at its fastest in 5 years

News by Newsroom on 06:59 EST February 21, 2017
Eurozone private sector and manufacturing growth accelerated close to a six-year high in February and job creation reached its fastest since August 2007, pushed by strong demand and optimism according to the latest IHS Markit's survey.

Euro-zone consumer confidence sinks to 3-month low

News by Newsroom on 12:18 EST February 20, 2017
The flash reading for Euro-zone consumer confidence indicator declined to -6.2 for February from a final -4.9 in January even lower than expectations of an unchanged reading at -4.9.

UK manufacturing strong in February and so are prices

News by Newsroom on 08:32 EST February 20, 2017
British manufacturers orders growing at the strongest pace in two years this month, but the fall in the value of the pound is pushing up prices sharply, an industry survey showed on Monday.

Pound drops by most this month on very soft retail sales

News by Allie Longford on 06:05 EST February 17, 2017
Retail sales unexpectedly fell for a third month in January.

Philadelphia Fed Manufacturing hits six year high

News by Allie Longford on 09:06 EST February 16, 2017
Optimism is on the air as The Philadelphia Federal Reserve Bank manufacturing survey rose to 43.3 in February, following an increase to 23.6 the previous month, the highest level since 2011.

Dollar strong but stocks lagging on Wednesday trading

News by Newsroom on 08:41 EST February 15, 2017
The dollar continues strong as we progress through the week while stocks take a break from their relentless spree.

Dollar marginally up as Yellen hints will not wait long for a rate hike

News by Newsroom on 11:37 EST February 14, 2017
The Euro trades lower on Tuesday against the dollar as most of other currencies and asset classes as FED chair Yellen hints the next rate hike in the US may be near.

Retail trader positioning at historic extreme against SPX500

News by Simon Kazinsky on 06:50 EST February 13, 2017
According to DailyFX, a portal that tracks retail traders positioning, the ratio between long and short traders for the SPX500 CFD stands now at 9 to 91% having reached earlier today a reading of 8 to 92% during the Asian session.

Forex broker FXCM banned for life from CFTC and asked to pay millions

News by Allie Longford on 20:21 EST February 06, 2017
Yet another forex broker scandal emerges as FXCM agrees to withdraw its registration and never to seek re registering ever again with the CFTC, effectively banning it from operating in the United States.

Non-Farm Employment payroll sky rockets

News by Newsroom on 08:34 EST February 03, 2017
Total nonfarm payroll employment increased by 227,000 in January, and the unemployment rate was little changed at 4.8 percent, the U.S. Bureau of Labor Statistics reported on Friday.

Stocks lower after FED confident statement

News by Newsroom on 03:01 EST February 02, 2017
Fed keeps rates same as expected, appears hawish on inflation, pointing to rosier sentiment.

Unemployment Rate goes through the roof in New Zealand

News by Newsroom on 16:50 EST January 31, 2017
The unemployment rate rose to 5.2 percent in the December 2016 quarter, up from 4.9 percent in the previous quarter, though employment and the labour force continued to grow, Statistics New Zealand said on Wednesday.

Worst trading day of the year as Chicago PMI tumbles, Dow drops 150 points and industrial 1% lower

News by Allie Longford on 16:42 EST January 31, 2017
U.S. equities fell on the last trading day of the month, as investors continued to evaluate the latest policies from the White House and companies post quarterly results.

Uncertainty and the BOJ make Yen stronger

News by Allie Longford on 02:27 EST January 31, 2017
The yen strengthened against the dollar and euro on Tuesday, in the face of the U.S. P protectionist steps and jitters over the Bank of Japan’s future policy stance.

US pending Home Sales figures, the silver lining on Monday

News by Newsroom on 14:16 EST January 30, 2017
Against a backdrop of fear in the stock market, the National Association of Realtors released a report on Monday showing that pending home sales increased by much more than expected in the month of December.

Japan retail sales dissapoint

News by Newsroom on 23:56 EST January 29, 2017
Retail sales rose 0.6 percent in December from a year earlier but well below the median market forecast for a 1.5 percent increase.

U.S. economy slowed in 4th quarter

News by Newsroom on 11:15 EST January 27, 2017
Gross domestic product expanded at a 1.9% annualised from October to December, the Commerce Department said on Friday.

Annual inflation weaker than expected makes the dollar sink

News by Newsroom on 19:54 EST January 24, 2017
The last quarter of 2016 saw inflation weaker than previously anticipated amid a slump in the price of health care, transport and communications according to the Australian Bureau of Statistics report released on Wednesday.

Barclays downgrades Apple

News by Newsroom on 10:11 EST January 24, 2017
British commercial bank Barclays downgraded its rating for Apple on Tuesday morning.

UK government loses Brexit vote appeal

News by Newsroom on 04:59 EST January 24, 2017
The Supreme Court has dismissed on Tuesday the government's appeal in a landmark case about Brexit, meaning that Parliament will now be required to give its approval before official talks on leaving the EU can begin.

Industrial production sees strongest rise in two years

News by Newsroom on 09:48 EST January 18, 2017
U.S. industrial production grew more than expected in December after the prior month’s decline, official data showed on Wednesday.

Gold continues climbing higher

Tech analysis by Simon Kazinsky on 09:30 EST January 18, 2017
Gold trades on the second week of January well above the $1,200/oz handle.

Say hello to inflation

News by Allie Longford on 09:07 EST January 18, 2017
Trump is not yet president of the US and his planned protectionist policies and fiscal stimulus, which undoubtedly will lead to higher prices, are not yet to be blamed, but inflation is already among us.

Pound stages the largest come back since 2008

News by Simon Kazinsky on 11:50 EST January 17, 2017
After yet another dramatic plunge for the pound at the start of the week where GBPUSD gapped down by more than 200 pips at the open the British currency has made a V shape recovery against the dollar following (or coinciding) the UK's PM announcement that whatever the Brexit deal is it will have to be approved by parliament.

The pound crashes at the beginning of the week

News by Newsroom on 17:10 EST January 15, 2017
The pound gapped down more than 200 pips at the open of the trading week.

U.S. retail sales disappoint at end of the year

News by Newsroom on 09:06 EST January 13, 2017
Retail sales rose 0.6% last month, the government said Friday.

US jobless claims better than expected

News by Newsroom on 08:32 EST January 12, 2017
[news in progress]

Pound sinking on Monday morning

News by Newsroom on 05:39 EST January 09, 2017
The year has turned but the weakness of the British pound continues.

Non-Farm Employment payroll dissapoints

News by Allie Longford on 08:30 EST January 06, 2017
U.S. employment increased less than expected in December but a rebound in wages points to inflation down the line.